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of this administration. it's the norm because the economy collapsed. we all remember that the economy collapsed. and to withdraw federal spending from a collapsing economy is only to make things worse. the economic collapse created these deficits, and as the economy recovers, we can draw this will down. now, there's not aagreement on that. some have preached austerity as the way forward when the economy coul lapses. -- collapses of the and when this withstand, there was lively debate between those who support that would be more sensible than austerity. we're past us a started and now into experience much the experience of foreign countries belies that austerity works when economies are collapse ago. from spain to greece, european countries that responded to the economic downturn by slashing their budgets are suffering from shrinking economies and persistent double-digit unemployment rates. a recent i.m.f. report estimates that budget austerity in a weak economy might actually inflict significant harm and have a much lower-than-expected effect on the deficit, consistent with the observations in
. we still have a risk to the economy. i don't see us heading off to a robust, fast recovery. i think 2013 will be better than 2012. i wish i could tell you that it would be really good because that's what we need. >> i don't call myself an economist. i specialize in economic policy. i try to be a good consumer of other forecasts. one thing i learned from that is frankly i don't trust any macro forecast that goes beyond six months. i don't think -- they are just guessing beyond that. i think we probably -- at least i would have similar reactions. i am still concerned about the risks posed by europe. i'm still quite concerned about the risks from things heating up in the middle east. the u.s. economy is repairing itself. we don't have at significant housing drag that we did a year or two ago. balance sheets are repairing. yes, things seem to be heading in the right direction. but i also think that people often make the mistake of confusing the level for the growth rate. i think we need to understand that even if the economy grows at 2% or 3% this year which seems to be the optimistic b
to the economy. a day after the dow closed above the 14,000 mark for the first time since before the financial crisis. >> we are poised to grow in 2013. and the real signs of progress. home prices are starting to climb again. car sales are at a five-year high. manufacturing is roaring back. our businesses created 2.2 million jobs last year. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> now, former senator scott brown says he will not run on a special senate election in massachusetts. it's a setback. republicans who hope to win the seat vacated by secretary of state john kerry. brown lost hre-election bid to elizabeth warren in november. for more on the response to the milestone week to the dow, let's go to kristen welker at the white house for us. good saturday morning to you. what is the take on the latest economic news, after the rocky start with the negative gdp number? >> good morning, alex. a real mixed bag this week. the white house responding as they typically do, when we get one of these jobs reports or gdp report
. everything we do. there is nothing else that impact our economy so directly as energy. whether it is individuals that are struggling to fill up their gas tanks, pay their electric bills, whether it is business leaders making decisions on investments based on the cost of power server farms or smelters, we recognize lower cost is better and that's what everybody is seeking. there are those who would have you believe that the best way to reduce energy's direct cost is simply to raise the direct cost so that we discourage energy use. my friends, this is a self- defeating policy. lowering the direct cost of energy is key to helping the u.s. economy recover and prosper. absolutely keep. next is clean. as we attempt to minimize indirect costs by driving up these prices, i would suggest this is a policy that is doomed to economic and practical failure. instead, we have to be aware of the impacts of every type of energy and make rational, informed decisions on what is acceptable, what needs to be mitigated, how do we do just that? our challenge here is to reduce the cost of cleaner sour
, an unexpected jump of over 38,000 from the prior week's four year low. the obama economy seems stuck in neutral. recoveries fragile. yesterday the drop in gdp. tomorrow's january unemployment report expected to remain. critics said the president has not remained lazar focused on creating jobs, and the dissolution of the jobs council is just the latest example of that. fox news senior white house correspondent with our report. >> more than one year after his last meeting with the group, president obama is now reviewing the charter for is jobs council. the unemployment rate is falling a little more than a percentage point as the council's first meeting two years ago and no one in the white house says it has fallen far enough. officials defend the council's work in mr. obama's interaction with it. >> the jobs council provided us a series of ideas, many of which the president acted on. it did not require some leaves us ideas to be generated. >> from the start critics believe the council was intended to create the appearance of action in the face of soaring unemployment. it only met four times and h
. >>> in his weekly address, president obama gave an upbeat outlook for the economy this year. >> we are poised to grow in 2013. the real signs of progress, home prices are starting to climb again. sales are at a five-year high. manufacturing is roaring back. businesses created $2.2 million jobs last year. we just learned our economy created more jobs over the past few months than originally thought. >> joining me is elijah cummings. sir, nice to see you. thanks for joining me. it was a mixed bag for the economy. the gdp detracted but there were good numbers in the report. listening to the president, he sounded optimistic. how do you see the economy? >> i see the economy as being fragile. but definitely moving in the right direction. alex, it's why we have to be so careful with regard to what we do in congress. a lot of the problems that could come about with regard to gdp is a result of the public and business feeling a certain level of uncertainty. we have to make -- we have to do what we are supposed to do in congress, come to reasonable decisions. we have to have some cuts. those cuts have
americans on food stamps? we learned the economy was shrinking and unemployment is back up to 7.9% and all this news is pouring out. here is what the president is addressing. >> i am here today because the time has come for common sense, comprehensive immigration reform. >> my attitude that gays and lesbians should have access and opportunity the same way everybody else does in every institution and walk of life. >> the only way we can reduce gun violence in this country is if the american people decide if it is important. if parents and teachers, police officers and pastors, hunters and sportsman, americans of every background stand up and say it's got to be different. >> sean: with reaction, is ann coulter. did you see the picture of his skeet shooting. first of all when you skeet shooting you shoot up. number one he is not holding it right. >> the great constitutional law scholar second amendment the fishermaners of the constitution really like skeet shooting. that is not what it is about. wait until the photos of him taking birth control pills fighting the war on women. >> sean: let's
. >> the state of the economy measures to we need see. >>> are you through raising tax rates? >> i don't think the issue right now is raising rates. the question is if we are serious about reducing our deficit can we stop waste in govment, can we conform healthcare programs in particular. we spend a lot more on healthcare than every other country does and we don't get better outcome. there are things we can do to reduce healthcare costs. >> and can we post loophole deductions lawyers take advantage of so they paoloer rates than bus driver or cop? if you combine those together you cannot only reduce the deficit but continue to invest in things like education and research and development that are going to help us grow. >> just a few hours from now president obama will continue his push for gun control. the heated topic on sunday talk shows. kelly wright is life in washington can more. >> president obama will travel to minneapolis the city that is making steps to curb gun violence. he will talk about the issue that can be taken on the federal level to reduce gun violence. it shows deep de visions
will not hurt this economy. let's not push our luck. republicans will block it. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> stock market correction today. i still believe rising profits and an easy fed will keep the bull market going -- at least until the president tax bombs us to death again. that's what obama said before the super bowl yesterday which could be the real reason the markets sold off today. another big tax hike on investors. here now is dave goldman from fixed income research at bank of america, president of macro strategy and don luskin chief investment officer at. you get all wound up in the europeans thing, the prime minister may have been on the take for construction money. what do i know? why do i care about that? that doesn't mean anything to me. >> i agree. spain is not a systemic threat. it's too small to bring the rest of europe down. we have asian centered
number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this would be it. >> but there was a lot of good stuff. >> it doesn't startle the market at all when it came out. >> i don't know whether they're whistling past the grape yard -- the mark was over a contraction, but not negative. >> they were looking for growth of 1%. >> so it was expected to be -- to go down. no one thought it would be negative. but if you're looking for 1% and you minus a tenth -- >> it's off by one. >> you think it's going to hit the unemployment rate? there's a big debate. >> i have no idea. >> i it probably won't this time around -- >> plus one or zero is not a big difference. the reality is you need 3% gdp growth. >> that's assuming that he needs an introduction. >> you're right, he doesn't. thi
of the economy and financial crisis, that is what we are asking about you this morning, if the financial crisis has delayed those plants for you. give us a call. robert, clinton, md., you are on, sir. caller: 401k, in the early part of november my three kids were named the beneficiaries. we did all the paperwork. here it is, since february 4, and i have not got the money yet. the company that has the 401k, first of all, you cannot find them. i work in the credit union. they would not give you any information about the company that had the 401k. here it is, the fourth, and they still have not got the money. you have got to wait a long time to get your money. host: tell us a little bit about your plans, because of the limbo you are in. what does that mean for you? caller how it means i have to be very careful about four hope -- 401k. if something happened to me, i would release the money to my kids or something like that. if they needed it right away, they could get it, but they still have not received the money. i still do not know how these things work. because of the interest, i do not know. t
to the economy that we are not going to like. the headline from last week about the slowing of our gdp, it is going to be a situation where it is no longer acceptable to kick the can. so, when we talk about the need for tax reforms, i am one who says that we have got to put it all on the table. we have got to be willing to make some very difficult choices. the options if we fail to act are not something that most in this country will be satisfied with. >> i know that says you want to take a look at some of the energy initiatives here. in the house they talked about doing energy efficiency legislation puc that moving? still questionable? >> let me just start by saying that i am a firm believer in doing more in this country when it comes to efficiency. it is one of the legs of the energy tool that is absolutely critical to us. i think it is often overlooked. people look -- people look to the old technologies and there are things making news. someone joked to me once that if we could just figure out how to have a groundbreaking or ribbon cutting that involved some kind of energy efficienc
, the budget was lower than when he came in. that is the story now. how did he do that? did the economy grow a lot? unemployment was below 5%. the budget was balanced because of his own parsimony. how did he manage to make the budget go lower? how did that help the economy? it was a lot, he got the government out of the way of the economy. >> the life of the 30th president of the united states, "coolidge," on sunday, 8:00, on q&a. >> "washington journal" continues. host: we are back with congressman mcdermott, the ranking democrat on the house subcommittee. let me read to you from "the national journal bailey," and what they had to say about sequestration -- national journal daily," and what they had to say about sequestration. host: true, accurate reporting? caller: -- guest: as far as what i can tell, that is exactly what is happening. unfortunately for the american people, the leadership on the republican side is still acting as though the election never occurred. they have got to except that the people have said that they once what obama is doing. they reelected him overwhelmingly. and t
. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke
economy, this congress said no, our motto would be in god we trust. and when i was a young boy, john kennedy facing the cuban missile crisis said this, the guiding principle of this country has always been, is today and will forever be in god we trust. mr. speaker, with that great history of faith, why is it that faith is under attack so much across this nation? well, mr. speaker, tune in, because in a few weeks, we will be back on this floor and we'll tell you who's doing it and why they are doing it and what we need to do to stop it. i thank you and i yield back my time. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 3, 2013, the gentleman from new york, mr. jeverries is recognized for 60 -- mr. jeffries is recognized for 60 minutes as the designee of the minority leader. mr. jeffries: i ask for unanimous consent that the -- be entered into the record a letter from the distinguished gentlelady from texas, mrs. johnson. the speaker pro tempore: without objection. mr. jeffries: today we are here as members o
price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. officewith an online package new colincluding: domain me,ddy! website builder with five pages and basic email just $49.99! that's up to 76 percent below online providers and only at officemax stores! lou: the wall street selloff of the year. harvey eisen will join us in just moments. the s&p 500 hit five-year highs when the dow jones regained a 1500 level. a lot of people thought happy trails a head. the dow dropping 30 points today, the s&p down 17.5. the nasdaq is lower by 48. just about 3.4 billion shares. netflix fighting the trend and doing well. rising $10 per share on prospects of strong subscriber growth, closing up $174. that stock was down. treasury's 10
to turn around that state's economy. when it comes to the issue the health care, the governor is going head to head with the president. >>gretchen: brian met up with the governor down in baton rouge. what did you find out, brian? >>brian: it was ironic yesterday. governor jindal is talking about knocking taxes down to zero for the people in louisiana. watch. >> since i've been governor, for example, we've got 17,000 fewer government jobs, government positions. we've got now our state budget is 26% smaller. i made it absolutely clear we're not going to raise taxes, but look at what's happened. per capita income, our sri lanka hiren -- our rank is higher than 80 years. for five years in a row we've had more people move into the state rather than leave the state. >>brian: phil mickelson deserves credit by bringing this front and center. i'll paraphrase. i'm giving away 60% of my income. you are looking to do what california is not. that is knock their state tax down to zero. how do you make up that revenue if you want to join florida and texas? >> in louisiana, we've got the fourth-lowest
to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready o with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ but, dad, you've got... [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >>> at the top of the show, we asked you the nonmusical question, why are you awake? i've got one right here somebody tweeted in. lori, very close watcher of the cut-aways on the program, she tweets,@steverattner working diligently on his charts. unfortun
joining the work force has not diminished men. it expands our economy and opportunity for all. the education of poor people in the inner-city does not take away from others, it expands our economy and makes us all do better. this is the ideal of our country. as the rabbi would tell me, the jewish saying, that jews together are strong, but jews with other people are invincible. he african saying that spiderwebs united can tie up a line. the very principle of this country, one of my advisers told me one of the fundamental principles of islam. the oneness of the community. we recognize dependency and see strength. that became the problem solving idea that i took on. i began looking at what other cities around america were doing. i came over to mayor bloomberg, who i called the obi-wan kenobi of mayors. all of us young padawans come to see what is going on over here. i could not wait to talk about climate change. the time is now. we just focus on cities where the carbon output is significant. if we do pragmatic things, we are going to make change. he started showing me programs he
and economy. on the right, it's now complete orthodoxy that do-gooder liberals, especially former representative barney frank, somehow caused the financial disaster by forcing helpless bankers to lend to those people." and they're all so threatening to filibuster the appointment of cordray. they just won't let this newbaunew bureau do its job. they don't want it around. >> this is one that we have to agree with krugman. he's right. the fact is that out of all -- without relitigating how we got into the financial crisis and all the rest of it, the fact is that a lot of bad stuff happened. they set up a consumer financial protection agency in order to protect consumers just the way we have various other agencies that protect consumers from other things. and it was passed in a law. and now the republicans are basically saying we're not going to confirm anybody. and i don't think that's sort of playing fair. >> i saw a piece the other day that talked about -- a conference i think that you were at in washington where bill kristol talked about you've got people looking back at how the r
's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >> i just receive add note i misspoke about the president's position on containment which, obviously, we don't have a position on containment. to make sure, your correction is clear, you do have a position on containment, and that is that we do not favor containment. >>chris: defense secretary nominee chuck hagel struggling in the senate confirmation hearing, when asked of the united states policy on iran's nuclear program. time now for our sunday group, republican strategist,
be as long as a month late. i think that's too bad. our economy could use some presidential leadership right now. >> monica says without leadership, this money mess is getting worse. >> well, who needs the law. the law dictates that the president is supposed to submit a budget by a certain date, today, and fourth year in a row no budget. >> let's roll this out of neil. this is neil just five months ago. can we play that? take a listen. >> it does seem a bestbit ironic that we have, according to the united states treasurery, eclipsed a $16 trillion debt level collectively what we owe as nation now going over $16 trillion. >> that was five months ago. five months ago we spent 500 billion -- half a trillion dollars. >> it's amazing. this president has committed budgets over the last couple of years but each one has been so obscene that he can't even get a single democrat to vote for his budget. so, whatever he proposed -- we talk about today's legal deadline. whatever he proposes is going to be so ludicrous that even members of his own party won't go along with it. every president since the en
everyday, basically 75% of all companies are beating the street estimates. the economy is doing better. earnings are going up. lou: we are coming through this report of not so good. do you see the economy growing? >> the good news is the economy is growing. but the bad news it is such a slow rate, a glacier like speed. but that is great news for the market. because that allows the fed to keep lumping the money. lou: harvey eisen, it is great to have you here. >> thank you. lou: turning to the box office. a romantic comedy featuring a zombie heartthrob. "warm bodies" earni $20 million in its opening weekend. younger audiences accounting for 65% of those ticket ssales. coming in fourth is "hansel and gretel", and then "silver linings playbook." so the super bowl on a power outage. they believe that it was caused due to the superdome's electrical system. no one knows who and what is responsible. it may take days to actually verify the most recent explanation. we have now moved from super bowl blackout to acknowledging responsibility, even outside washington dc. i'm next, the mayor of the
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> today was the day the white house was supposed to submit its budget for fiscal year 2014 to congress. it did not happen. so speaker john boehner did some finger-pointing on the floor of the house floor this afternoon. >> mr. speaker and president obama missed a great opportunity to help the economy. this was supposed to be the day he submitted his budget to the congress. but it is not coming. it will be late. some reports show it could be as much as a month late. i think it is too bad, our economy could use presidential leadership right now. >> fox news, also pretty angry about it this afternoon. >> well, thanks, the nation's debt blowing past 16 and a half trillion today. is this time for the president to blow past another deadline? >> he will never stop trying to raise taxes, whether he c
this afternoon. >> mr. speaker and president obama missed a great opportunity to help the economy. this was supposed to be the day he submitted his budget to the congress. but it is not coming. it will be late. some reports show it could be as much as a month late. i think it is too bad, our economy could use presidential leadership right now. >> fox news, also pretty angry about it this afternoon. >> well, thanks, the nation's debt blowing past 16 and a half trillion today. is this time for the president to blow past another deadline? >> he will never stop trying to raise taxes, whether he can succeed, i don't know, he believes in class war fare and radical wealth redistribution. >> and possibly a half percentage high rise in gdp. the white house should get the budget to congress on time, that is a good thing to do. the fact is, he needed an extension more than anyone, president clinton missed his deadline twice, presidents reagan and bush all missed it once, this evidence, while of course true, was reported by the white house budget committee and ignores a bit the various near s
department will release its first jobs report of the year, which is expected to show the economy largely unchanged from the last month of 2012. unemployment rate still at 7.8%. >> and we're going to hear -- the president's jobs council. >> exactly. >> will weigh in. >> i was just getting to that. >> this report is critical. >> okay. >> you need a jobs council. >> fine. they're getting rid of it. >> a lot of times i'm critical of this administration, but i think -- i think putting together jobs, willie, what did i say? this jobs council thing. he's got it right. this is going to be big. >> they're all going to be on, too, today. in their robes, they're going to come on and break down the numbers. >> i love it. >> new collaborations with businesses are going to be announced soon. >> the jobs council is? >> no, that's going away. they're getting rid of it. >> what? >> they wear helmets, the job council. >> stop it. >> you mean the guys on the jobs council have lost their jobs? >> yeah. >> this has not turned out how i expected. oh, my lord! >> all right. >> what else we got going? bradley's
murder. chris kyle leaves behind a wife and two kids. >> the white house says they economy is beginning to heal as the dow passes the the 15,000 market. and the housing market shows sign signs of recovery. but unemployment is up and the white house hasn't passed a budget or cut spending. it's a mixed bag, adding up to a catastrophe, according to our next guest, an author from nashville. thank you for your time today. >> thank you. the other story, i have a son-in-law, a former sniper. it's very touching, awful story. >> it is. our sympathies go out to the two families that are involved and the loved ones of of both of them. you are an expert in the economy. we have had positive signs. why do you think we are headed in the wrong direction? >> we are not growing fast enough to bring the unemployment rate down and get rid of the huge unemployment and the people who have ls left the labor force. you know, the longer this time last. it is not just a number. these are the real people who lose their pride, their self-esteem and their jobs skills and their chance to becoming productive american
that jobs are being outsourced by the millions there will be more. we are a knowledge based economy and then we find that knowledge is pitifully narrow-based in this country when it it comes to the ability to employ people. we are paying a huge price and it's only begun. it's only begun because of this. these baby boomers as they reach 62 are taking early social security. they are going to be tapping. >> shannon: at a penalty. >> therefore even greater demand than expected on social security. we are watching the social safety net protect the lives of so many and without it, frankly, so many millions of people would be in even worse trouble. now that social safety net is going to be under such severe strain. it's going to threaten, i think -- there is the prospects it will threaten it to the point it will collapse. >> you mentioned homes which is negative for folks in this age group in another way if they have lost their job and trying to get back in, it's a much harder time for them to get back in other age group. if they have a home and underwater in it, they can't pick up and move
and their financiers. so now they are getting the stuff out of the u.s. and into emerging economies. >> jennifer: so is that why coal is now a dollar a ton? these companies are buying it for so cheap; is that why? >> that is sort of a scandal in of itself. the majority of coal is from an area called the power river basin, and most of that is federally owned coal, and the federal government is responsible for -- >> jennifer: wait, when you say federally owned coal, you are talking it is leased -- they go down, but it is on public lands. >> exactly. it is on public lands, and the rocks themselves belong to the american taxpayers, and the federal government is responsible for leasing that land to the coal industry in a responsible way. but in reality they are selling it for as low as a dollar a ton. and that has resulted in a over $30 billion subsidy to the coal industry. >> jennifer: so you have the potential for the building of these ocean terminals which will be places from which all of that coal will go over to china. where do the proposals to build that stand now? who is res
economy, if you will, a more and more consumers are using their debit card. more and more consumers are using their credit cards. >> a penny fear your thoughts, or lucky penny or things like that. martha: the u.s. is wrestling with the same issue. you know when you go to buy something and you have the canadian penny. gregg: you should patiently take them out. i put them all in a jar and once a year i take them down to the bank and i get $10. martha: that's what guides are for. get them to roll them up. gregg: welcome to bin ladenland. pakistan to build an amusement park in the very town where a team of u.s. navy seals killed the al qaeda leader. eric, what are they planning? >> reporter: imagine you win the super bowl and they say what are you going to do now? you say i'm going to abbottabadland. the notorious town where usama bin laden was killed by navy seals in 2011. it will start at 50 acres. they hope to go up to 500 acres. it will include a heritage park, jogging trails, rock climbing. mini golf, everything for a well-heeled pakistani family to go to for the weekend. it turns
,000 mark. don't break out the bubbly yet, the economy shrunk. >> so what? >> what does it mean al jazeera? >> i'm not sure i don't know. >> all that the maers. >> ray lewis strongly denied any link to deer antler velvet. >> it's never been a question if i ever even thought about using anything. >> lewis says it's ridiculous he would use deer extract, then he darted across a busy road and hopped into the field. >> i really think i'm the greatest receiver to ever play this game. >> i impacted the game by winning super bowls. >> randy moss told his teammates they are in new orleans on a business trip and went back to his job catching a ball for money. >>> welcome to "cbs this morning." breaking news a large and dangerous storm is moving from the south. it hit eastern missouri arkansas and tennessee. homes were damaged trees and power lines knocked down thousands lost power. >> the front stretches from texas to the northeast. one man has been killed in nashville and the storm also left its mark across indiana. reporter jessica hayes of wish-tv is in indianapolis. >> reporte
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